Private debt is recognised as an institutional asset class and as an alternative source of risk-adjusted returns for institutional investors globally. While some investors have specific, fixed allocations to private debt, others allocate from fixed income or private equity.
In Africa, there has been a convergence of some parts of the direct lending, opportunistic credit, equity and real estate markets. This is the result of factors such as structural and economic reform and poor access for many companies to well-developed capital markets.
There are a large number of public and private African companies with strong operations t…
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